Income Duplex with Vacant
For Sale
$365,000
2020 DAVIS STREET, Tampa, FL 33605
Duplex for sale with two leased units, plus an included adjacent vacant lot.
Property Size1,626 SF
Price / SF$224.48
Days on Market60
Property Features for 2020 DAVIS STREET
General Information
Standard status
Active
Size
1,626 SF
Property subtype
Duplex
Additional Details
Business Included
Yes
Highway Access
Yes
Multifamily Units
2
Building Details
Year Built
1923
Tenancy
Multi
Listing Agency:
ARC REALTY GROUP
(800) 636-2080
Listed By:
Sapir Simply · License #3539070
(904) 687-7876
Source:
Endlesssummerrealty
Added: Jul 13
Changed: Sep 9
Last Checked: Sep 10 at 6:53AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of ARC REALTY GROUP
Investment Insights
Based on property information with market context.
This income-producing duplex includes two residential units within a single building, along with an adjacent vacant lot conveyed with the sale. The property features a 4-bedroom unit currently leased through August 2026, and a 1-bedroom, 1-bath unit with a full kitchen and living area.
HVAC was updated in 2016. The adjacent vacant lot is included as part of the offering; buyer should verify permitted uses and potential applications for expansion, parking, or outdoor space.
The combination of two units and the additional lot provides flexibility for both investors and owner-occupants looking to generate rental income while maintaining a separate living option.
HVAC was updated in 2016. The adjacent vacant lot is included as part of the offering; buyer should verify permitted uses and potential applications for expansion, parking, or outdoor space.
The combination of two units and the additional lot provides flexibility for both investors and owner-occupants looking to generate rental income while maintaining a separate living option.
Key Highlights
- Income‑producing duplex built in 1923 with two units
- 4‑bedroom unit is currently leased through August 2026
- 1‑bedroom, 1‑bath unit includes a full kitchen and living area
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$18,979
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.20%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$379,580
$379.6K
Cap Rate 7%
$271,129
$271.1K
Cap Rate 9%
$210,878
$210.9K
Market Conditions
NOI Build-Up for 1,626 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$29.1K $17.88/SF
− Vacancy
−$2.0K −$1.21/SF
EGI
$27.1K $16.67/SF
− OpEx
−$8.1K −$5.00/SF
NOI
$19.0K $11.67/SF
Area
Tampa, FL
Vacancy
6.74%
Lease Rate
$17.88 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$379,580
Cap Rate 7%
$271,129
Cap Rate 9%
$210,878
Alternative Uses
Best Use
Multifamily LT 5
$271.1K
$237.2K – $316.3K
NOI $18,979 @ 7.0% cap · market cap 5.20%
Second Best
Apartment 5plus
$252.1K
$220.6K – $294.1K
NOI $17,646 @ 7.0% cap · market cap 4.83%
Theoretical Best
Office A
$378.8K
$331.5K – $442.0K
NOI $26,517 @ 7.0% cap · market cap 7.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
831
Businesses Nearby
Explore this area
Business Placement
Demographics for 33605, FL
18,243
Population
8,994
Households
2
Avg Household Size
36
Median Age
21%
College-Educated
79%
High-School Grad
7.8 sq mi
ZIP Area
2,339
Density / Sq Mi
$36,790
Median Household Income
$35,889
Median Earnings
$1,122
Median Rent
$235,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Duplex for sale with two leased units, plus an included adjacent vacant lot.
Where is this duplex located?
The property is located at 2020 DAVIS STREET Tampa, FL.
What is the asking price?
The asking price for this property is $365,000.
What are key features of this property?
This property features: Income‑producing duplex built in 1923 with two units; 4‑bedroom unit is currently leased through August 2026; 1‑bedroom, 1‑bath unit includes a full kitchen and living area
